Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III Sells 538 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III sold 538 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total transaction of $241,610.42. Following the completion of the sale, the executive vice president now directly owns 7,965 shares in the company, valued at $3,577,001.85. This represents a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gartner Stock Up 0.1%

NYSE IT opened at $446.40 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $34.29 billion, a P/E ratio of 27.85, a P/E/G ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The stock has a 50 day moving average price of $421.17 and a 200-day moving average price of $480.47.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 EPS. As a group, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently made changes to their positions in the business. Czech National Bank grew its stake in Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares during the last quarter. Entropy Technologies LP purchased a new stake in Gartner in the fourth quarter valued at approximately $366,000. D.A. Davidson & CO. boosted its position in Gartner by 2.6% in the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock valued at $551,000 after buying an additional 29 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after buying an additional 480 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Gartner by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider’s stock valued at $1,637,000 after buying an additional 30 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IT. The Goldman Sachs Group dropped their price target on shares of Gartner from $622.00 to $535.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Wells Fargo & Company reduced their price target on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Barclays reduced their price target on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Robert W. Baird reduced their target price on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $518.67.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.